Germany commits EUR 48m support to Nepal for two years

Germany commits EUR 48m support to Nepal for two years

The German government has expressed a commitment of EUR 48 million, 6million more than the previous commitment, for 2014 and 2015, for measures of technical and financial cooperation to Nepal

During the Nepal- German bilateral government negotiation held in Kathmandu on December 1-2, 2014, German Ambassador to Nepal Matthias Meyer expressed this commitment on the German government’s behalf.

These negotiations take place every two years and decide the financial and technical co-operation budget between the two countries.

The support will focus on sustainable economic development and trade, health and energy efficient/renewable energy sectors.

German ambassador Meyer said that the German government is always ready to support Nepal’s prosperity. He expressed hope that the Constituent Assembly (CA) will deliver a new constitution by January2015. He furthermore emphasised the importance of holding local elections at the earliest possible.

The support focuses on improving the availability, usage and quality of health services, particularly those concerned with maternal and children’s health in the rural regions of Mid and Far West.

Similarly, the support will concentrate on the promotion of decentralised, renewable energy supply systems as well as energy-efficient transmission grids.

Prior to the negotiations, the German delegation visited a number of bilateral co-operation projects like the Middle Masyangdi Hydropower Plant, a Solar Pumping Project in Katiya as well as several joint programs in health and local governance.

The financial support of the Germany to Nepal has reached approximately EUR 1.147 billion since the start of the bilateral cooperation since 1961.

Source: Nepalnews